Japan gdp per capita

Additional Information. Figures have been rounded for the sake of a better understanding of the statistic. Economic sector distribution of the workforce in Japan

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Japan gdp per capita

The Japanese economy is forecast by the Quarterly Tankan survey of business sentiment conducted by the Bank of Japan. Japan is the world's second-largest automobile manufacturing country. Facing increasing competition from China and South Korea, [40] manufacturing in Japan currently focuses primarily on high-tech and precision goods, such as integrated circuits , hybrid vehicles , and robotics. Japan had formerly the second-largest assets and wealth, behind only the United States in both categories, until it was surpassed by China in both assets and wealth. In , it was surpassed by China. Japanese government asset price bubble collapse in led to a period of economic stagnation known as the "Lost Decade" , sometimes extended to a "lost 20 years" or greater. The " Plaza Accord of is considered a major factor in the collapse of the asset price bubble and the "Lost Decades". In the three decades of economic development following , rapid economic growth referred to as the Japanese post-war economic miracle occurred. By , income per capita in Japan equaled or surpassed that in most countries in the West. During the second half of the s, rising stock and real estate prices created an economic bubble. Growth in Japan throughout the s at 1. After another decade of low growth rate, the term became the Lost 20 Years. The scenario of "Abandoned homes" continues to spread from rural areas to urban areas in Japan. A mountainous , volcanic island country , Japan has inadequate natural resources to support its growing economy and large population, and therefore exports goods in which it has a comparative advantage such as engineering -oriented, research and development -led industrial products in exchange for the import of raw materials and petroleum. Japan is among the top-three importers for agricultural products in the world next to the European Union and the United States in total volume for covering of its own domestic agricultural consumption.

Toggle limited content width. The cargo of the first Portuguese ships usually about 4 smaller-sized ships every year arriving in Japan almost entirely consisted of Chinese goods silk, porcelain. It is a contraction of the Japanese words for salaryman and cash.

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Definition: GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U. As the graph below shows, over the past 60 years this indicator reached a maximum value of 4,, in and a minimum value of , in Data are in current local currency. Over the past 60 years, the value for this indicator has fluctuated between 36, in and 6, in Data are in constant U. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.

Japan gdp per capita

Country statistical profile. Projected growth rate: 1. Household debt: Government debt: Use this code to embed the country dashboard into your website. The dashboard should have a minimum width of px to be displayed properly. Width: px Preview Embedding. Find all indicators on Agriculture. Find all indicators on Development. Find all indicators on Economy.

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China Producer Prices Drop for 17th Month. Retrieved 23 January This strategy of economic development necessitated the establishment of a strong economic infrastructure to provide the needed energy, transportation, communications, and technological know-how. Download as PDF Printable version. World Nuclear Association. Institute for International Studies and Training. Relationships between government bureaucrats and companies are often close. The advantage of the system is that it allows older employees to achieve a higher salary level before retirement and it usually brings more experience to the executive ranks. The Great Transformation of Japanese Capitalism. Retrieved 9 October

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Retrieved 16 October Archived from the original on 12 November Some high-speed Shinkansen trains connect major cities. For further information, see Japan's GDP. The Economist. Week Ahead - March 11th. Retrieved 25 November Subscription Plans Features. This article needs additional citations for verification. These people do not start a career after high school or university but instead usually live as parasite singles with their parents and earn some money with low skilled and low paid jobs.